Energy firms deal should treble turnover

Wednesday 18th August 2010UK controls company 3sun has acquired a 75per cent shareholding in Dawson Energy as it chases more business in the renewables industry.
It is the first acquisition of the Great Yarmouth-based company, launched in 2008, and is projected - along with the organic growth of its core business - to treble group turnover to £10m in the coming year.
3suns lead financial advice in the deal came from Jon Dodge of JDC Corporate Finance.
Scotland-based Dawson Energy, which also has offices at Orbis Energy, Lowestoft, and in Bergen, is one of the countrys leading providers of technicians to install and service wind turbines. It also supports the hydro power sector.
Dawsons 70 full-time staff will be added into the 3sun group - which itself employs around 20 personnel - with founder and owner Willie Dawson having a key role as Operations Director.
The acquisition is part of our strategic plan to take 3sun further into the vibrant renewable sector as well as growing organically in our core oil and gas operations, said 3sun director Graham Hacon.
Renewables have an ever-growing footprint in the energy industry and there will be a big demand for skilled technicians in the East of England. Its an area which complements our
3sun marketing and PR representative Lori-Ann Fleming added: Some of the worlds biggest windfarms are to be built on our doorstep and our extensive research shows that there will be a tremendous gap in the market which 3sun Group can help fill.
3sun will continue to operate from its Beacon Innovation Centre headquarters with a manufacturing unit at nearby Harfreys estate.